• China United Kingdom
    12 Jun 2019

    Canadian Solar Signs 500MW Module Supply Contract for Projects in Spain

    Canadian Solar Inc. announced that it has signed a module contract with Solarcentury to supply 500MW modules to Solarcentury's two projects 'Cabrera' (200MW) and 'Talayuela Solar' (300MW) in Spain.
  • India
    12 Jun 2019

    Azure Power Announces Results for Fiscal Fourth Quarter 2019

    Azure Power Global Limited today announced its consolidated results under United States Generally Accepted Accounting Principles for the fiscal fourth quarter ended March 31, 2019.
  • Italy
    12 Jun 2019

    Enel Closes Sale of 540MW of Renewable Capacity in Brazil

    Enel Green Power Brasil Participações Ltda closed the sale of 100% of three fully operational renewable plants totalling 540MW to Chinese company CGN Energy International Holdings Co. Limited. The overall consideration of the transaction paid to Enel upon closing is equal to the assets' enterprise value and amounts to approximately 2.9 billion Brazilian reais, equivalent to around 660 million euros at current exchange rates.
  • China United States
    11 Jun 2019

    Canadian Solar Signs Power Purchase Agreement with Energy Transfer

    Canadian Solar Inc. announced today that Recurrent Energy, LLC has signed a power purchase agreement with Dallas-based Fortune 100 oil and gas pipeline company, Energy Transfer. This PPA represents Energy Transfer's first-ever dedicated solar contract.
  • Italy
    11 Jun 2019

    Ternienergia Sold 22 PV Plants Totaling 19.3MW in Italy

    - The transaction will involve the acquisition by Italia T1 Roncolo S.r.l., in partnership with LCF Alliance, of plants with a total installed capacity of 19.3MW.- Amount of the transaction equal to Euro 23.875 million (Equity Value for 100% of the assets to be sold), of which approximately Euro 0.5 million (corresponding to 50% of the Equity value of no. 1 JV) will be paid to the shareholder of the vehicle company owning 2 plants and approximately Euro 4.5 million will be paid to the 2 JVs owning 3 plants for the transfer of the business branch to 2 Newco- Total value of the transaction (Enterprise Value) equal to approximately Euro 59 million- Part of the purchase price, equal to Euro 2.5 million, will be paid into an Escrow account as a guarantee of Seller's obligations and indemnity obligations- The transaction involves the assumption by the purchaser of financial debts linked to the plants for approximately Euro 43.3 million, of which approximately Euro 6.9 million relating to the Joint Venture companies- The closing is expected by 30 November 2019- TerniEnergia will continue to manage the O&M activities of the plants subject to the transaction for a period of three years- The agreement provides that the sale of further 3 companies owning 3 photovoltaic plants on greenhouses for a total of 4.6MW, at a total price of Euro 3.3 million and with the assumption of financial debt for Euro 9.4 million, is subject to the agreement on the management of ongoing disputes- The deal will be finalised at the end of the procedure for the approval of the investment committee of the shareholder of Italia T1 Roncolo S.r.l. ("subject to the Investment Committee approval")- The deal carried out as part of the Recovery and Relaunch Plan of the TerniEnergia Group
  • Germany United States
    11 Jun 2019

    Juwi Builds 82MW Solar Park in Colorado for Duke Energy Renewables

    Juwi AG builds an 82MW (AC) solar park in El Paso County, Colorado. The Palmer Solar project contains more than 200,000 solar panels, is being built on land south of Colorado Springs and has recently been acquired by Duke Energy Renewables.
  • China United States
    10 Jun 2019

    Canadian Solar Signs Solar PPA with Anheuser-Busch

    Canadian Solar Inc. announced today that Recurrent Energy, LLC has signed a 15-year power purchase agreement with Anheuser-Busch for 310MWp/222MWac of electricity from its Maplewood solar project. This landmark contract is the seventh largest commercial and industrial power purchase agreement for solar energy signed in the entire world to date, according to data supplied by Bloomberg New Energy Finance. The PPA, which marks the early achievement of Anheuser-Busch's 2025 Renewable Electricity goal in the United States, also represents the U.S. beverage industry's largest single purchase of solar energy.
  • Spain
    10 Jun 2019

    Iberdrola to Build 590MW Francisco Pizarro Project in Extremadura

    Iberdrola is moving forward with its renewables strategy with the Francisco Pizarro project which, with 590MW and an investment totalling more than €300 million.
  • Japan
    6 Jun 2019

    Sharp Builds 49MW Solar Power Plant in Quang Ngai Province, Vietnam

    Sharp Energy Solutions Corporation announces the completion of a mega solar power plant in Quang Ngai Province, Vietnam. The project was a collaboration with multiple partners, including Sermsang Power Corporation of Thailand, and SSP affiliate Truong Than Quang Ngai Power and High Technology Joint Stock Company. Operations at the new mega plant will start in early June.
  • United States
    6 Jun 2019

    Vivint Solar Closes $360 Million Forward Flow Financing Arrangement

    Vivint Solar, Inc. today announced it closed a multi-party forward flow funding arrangement that includes project-level debt, a levered tax equity partnership, and a cash equity investment. The transaction provides up to $360 million in total funding commitments. It is structured to generate upfront cash margin for the company for approximately 95 to 100MW of future solar energy systems. The financing incorporates a multi-party forward purchase commitment anchored by a levered tax equity partnership, a financing structure used last year by Vivint Solar for the first time in the residential solar industry.